No Will? What Happens Now Can Be a Horror Show
Families struggle to recover after losing patriarchs and matriarchs without clear succession plans. The period of grief that follows the loss of a loved one is no time to start fighting, yet the absence of a will and an estate plan leads to this exact situation.
Why People Delay Estate Planning
There are three primary reasons individuals postpone creating wills:
-
Limited understanding – Many believe they lack sufficient assets to require an estate plan, when modest estates actually benefit most from planning.
-
Fear of mortality – Discussing death feels uncomfortable, though planning for incapacity and end-of-life decisions prevents an expensive and emotionally disastrous time.
-
Perceived lack of benefits – People overlook how working with experienced attorneys reduces future worries and complications.
Key Estate Planning Questions
An effective plan should address:
- Guardian designation for minor children
- Healthcare and financial decision-makers during incapacity
- Asset distribution preferences
- End-of-life care wishes
Essential Estate Plan Components
A comprehensive plan typically includes:
- Will – naming an executor and distributing property
- Trusts – when appropriate for your situation
- Durable financial power of attorney – authorizing someone to manage finances if you cannot
- Healthcare power of attorney – designating a medical decision-maker
- Living will – documenting your end-of-life care preferences
Take Action Now
Despite various reasons to procrastinate, all delays risk creating family disruption, unnecessary expenses, and stress. Do not let your family face a “horror show” because you put off planning. Contact The Stegall Law Firm to schedule a consultation and get your estate plan in place for future generations.
